Most medical plans have lifetime and annual limits that guide the policyholder on just how much they can claim from their insurer. For example, if the policyholder is already suffering from cancer, cardiovascular disease, kidney disease and so on, their treatment costs will not be covered. Missed premiums can cause your policy to lapse so be sure to make those payments on time.Įxclusions are specific conditions or circumstances listed in the policy which outlines that benefits will not be provided. The payment can be made either monthly, quarterly, half yearly or annually, which is decided upon by the policy holder. Premiums are the payment you need to make to the insurer to keep your policy valid. It’s important to take note of this so that you are not caught unawares in any emergency immediately after purchasing your policy. Typically, the waiting period is between 30 and 90 days but some insurance companies may even offer a no-waiting period for certain types of coverage. Most medical insurance plans have a waiting period, which is the time span where you cannot make any claims from the insurer. Some policies offer coverage to children born after the policy has been purchased, with a maximum of five children allowed under each family plan. Before you decide on which insurer and plan to choose, here are 10 things you need to know about a medical card:Īs you plan to get medical coverage, plan wisely to get your spouse and children covered in one policy.
Similarly, having a family medical card that provides coverage to every member of your family will offer you peace of mind.
In such an event, having medical insurance or a medical card will help cover for the medical costs for you to get the much-needed treatment. Being diagnosed with a health setback or an unfortunate accident can mean requiring hospitalisation or even surgery. A medical card comes as a life saver in your time of need.
0 kommentar(er)
